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Supervisory mergers, consolidations, conversions, and combination mergers and conversions.

G.S. 54C-45
in effect
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§ 54C-45.  Supervisory mergers, consolidations, conversions, and combination mergers and conversions. Notwithstanding any other provision of this Chapter, in order to protect the public, including members, depositors, and stockholders of a State savings bank, the Commissioner of Banks, upon making a finding that a State savings bank is unable to operate in a safe and sound manner, may authorize or require a short form merger, consolidation, conversion, or combination merger and conversion of the State savings bank, or any other transaction, as to which the finding is made. (1991, c. 680, s. 1; 2001-193, s. 16.)
Source: North Carolina General Assembly (ncleg.gov)URL: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_54C/GS_54C-45.htmlFetched: 10/19/2026

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